Page 48 - Nalyst Note News Today

The last time these four signals flashed was in April 2020, which was shortly after the stock market found its bottom during the COVID-19 bear market.

Quantitative tightening by design will be negative [for] financial assets," Bank of America analysts wrote.

Robinhood's average account size is just $4,000, which pales in comparison to traditional brokerage firms like Charles Schwab and Interactive Brokers.

"It is conceivable to see longer-term commodity allocations eventually rising above 1% of total financial assets globally," JPMorgan said.

"All that's left is growth – earnings growth, specifically – from technological innovation to create future above-average stock market returns."

November through April is the best six-month period for stock market returns since 1928, but from November 2021 through March 2022, stocks fell 1.63%.

"There is a 'zone of rockiness' over [the] next three to four months, but the path 6-months and 12-months forward is positive," Fundstrat said.

Bitcoin and ether surged more than 30% from their respective February lows amid a flurry of short covering, according to the bank.

"From the point of curve inversion to the actual peak of the equity market, which typically takes place around a year later, S&P 500 was higher by 15%."

The contrarian buy signal last flashed on March 18, 2020, just a few days before the stock market bottomed amid the onset of the COVID-19 pandemic.